A. O. Smith Corporation Buyback
OLI recorded this information on 6/3/2019
Company:
A. O. Smith Corporation
Buyback:
AOS buyback
$Amount Authorized:
$300,000,000
Buyback Details:
On June 2, 2019, the Board of Directors of A. O. Smith Corporation (NYSE-AOS) approved adding 3,000,000 shares of common stock to an existing discretionary share repurchase authority. Including the additional shares, the Company has 7,550,753 shares remaining on the board share repurchase authority. The Company increased the amount of its 2019 planned Rule 10b5-1 automatic trading plan and opportunistic share repurchase program from its previously stated $200 million to $300 million, depending on factors such as stock price, working capital requirements and alternative investment opportunities.
A.O. Smith manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks and water treatment products. Co. has two segments: North America and Rest of World. Co.'s Rest of World segment is mainly comprised of China, Europe and India. In North America, Co. serves residential and commercial end markets with a range of products including: water heaters, boilers, water treatment products, and other, which consists of expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. The Chinese water heater market comprises of electric wall-hung, gas tankless, combi-boiler, heat pump and solar water heaters.
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Hold (2.15 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: AOS Stock Forecast Based on Zacks ABR data; powered by Xignite |